SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Update and verify security valuations to ensure accurate portfolio market values 
SAQA US ID UNIT STANDARD TITLE
117761  Update and verify security valuations to ensure accurate portfolio market values 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  30 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for persons who conduct administrative functions in the middle and back office in an Asset Management environment.

A person credited with this Unit Standard will be able to:
  • Explain the principles, impact and methodology for the valuation of securities.
  • Apply valuation process and validate the results.
  • Investigate and resolve incorrect valuations. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Mathematical Literacy at NQF Level 4
  • Communication at NQF Level 4
  • The Unit Standards entitled:
    "Define the mechanics, and role-players of trade cycles "
    " Apply valuation principles related to various instruments". 
    		•

    UNIT STANDARD RANGE 
    The scope of this Unit Standard covers the different types of Securities and Valuations Types such as:

    Securities
  • Equity
  • Bonds
  • Derivatives
  • Money Markets
  • Property
  • Listed and Unlisted

    Valuation Types:
  • Mark to Market
  • Yield to Maturity
  • Net Present Value
  • Future Value
  • Net Asset Value 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the principles, impact and methodology for the valuation of securities. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Principles of valuations of securities are defined according to the defined company valuation policy and defined market practice. 

    ASSESSMENT CRITERION 2 
    The impact of valuation of securities on investment portfolio is identified as per defined procedure. 
    ASSESSMENT CRITERION RANGE 
    Impact:
  • Market value
  • Unit Pricing
  • Performance - benchmarks
  • Fee Calculations
  • Portfolio Management Decisions
     
    		•

    ASSESSMENT CRITERION 3 
    Methods of valuing securities are defined according to defined procedures. 

    ASSESSMENT CRITERION 4 
    Price sources are identified for various instruments as per defined procedure. 

    SPECIFIC OUTCOME 2 
    Apply valuation process and validate the results. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Updated prices are applied to instruments within asset management system to generate valuations for the relevant point in time. 

    ASSESSMENT CRITERION 2 
    Reasonability checks are performed against the agreed tolerance levels per instrument type. 

    ASSESSMENT CRITERION 3 
    Portfolio valuation reports are generated and compared against relevant market indices. 

    SPECIFIC OUTCOME 3 
    Investigate and resolve incorrect valuations. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Identified discrepancies are investigated in accordance with the defined company procedure. 

    ASSESSMENT CRITERION 2 
    Incorrect valuations are amended as per defined company procedure. 

    ASSESSMENT CRITERION 3 
    Valid differences are recorded and reported to relevant parties as per defined company procedure. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA,or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Valuations
  • Inaccuracies. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems relating to incorrect valuations. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others to validate results of valuations 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively in order to gather the correct and up to date information in order to compile the valuation reports. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information required to compile valuation reports and to resolve discrepancies on valuations. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with others when gathering information required for valuation reporting and resolution of identified discrepancies 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively to generate valuation reports. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Supplementary information:

    Terminology

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms". ISBN 1-919850-04-X 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  50481   National Certificate: Financial Markets and Instruments  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. AAR Trading and Projects (Pty) Ltd 
    2. Chartall Business College 
    3. DC Academy 
    4. Fachs Business Consulting and Training 
    5. Injabulo Home Grown Learning and Development Solutions 
    6. Maharishi Invincibility Institute NPC 
    7. MAT 007 (PTY) LTD 
    8. Novia One Group (Pty) Ltd 
    9. Octomate Education Pty Ltd 
    10. Octopus Training Solutions 
    11. RIAPHATHUTSHEDZA 
    12. The Graduate Institute of Financial Sciences (Pty) Ltd 
    13. The Institute of Literacy Advancement 
    14. THE SHERQ CENTRE OF EXCELLENCE PTY LTD 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.